Cenvat credit on capital goods
This query is : Resolved
15 June 2012
Can SSI Units avail 100% credit on capital goods for the first year itself ?
RAMESH KUMAR VERMA
(Expert)
16 June 2012
dear author,
SSI (i.e.whose clearance value did not cross Rs 4 crores in the previous financial year) can take 100% cenvat credit on capital goods in the first year itself.refer to Rule 4(2a) of the Cenvat Credit Rules 2004,(third proviso)
for more information:
https://taxguru.in/excise-duty/excise-duty-based-exemption-scheme-small-scale-industries.html
SSI (i.e.whose clearance value did not cross Rs 4 crores in the previous financial year) can take 100% cenvat credit on capital goods in the first year itself.refer to Rule 4(2a) of the Cenvat Credit Rules 2004,(third proviso)
for more information:
https://taxguru.in/excise-duty/excise-duty-based-exemption-scheme-small-scale-industries.html
Message likes :
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RAMESH KUMAR VERMA
(Expert)
16 June 2012
dear author,also read link:
https://taxguru.in/excise-duty/excise-duty-based-exemption-scheme-small-scale-industries.html
regards,
https://taxguru.in/excise-duty/excise-duty-based-exemption-scheme-small-scale-industries.html
regards,
Message likes :
1 times
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